HubSpot, Inc. (HUBS) Releases FY17 Earnings Guidance

Paola Ditto
Agosto 13, 2017

(NYSE:HUBS) during the first quarter, according to its most recent filing with the SEC. Vanguard Group Inc. now owns 2,529,027 shares of the software maker's stock valued at $153,132,000 after buying an additional 132,159 shares during the period. "(HUBS)" was first published by Sports Perspectives and is owned by of Sports Perspectives. FMR LLC increased its stake in shares of HubSpot by 1.1% in the second quarter. Accern also assigned media stories about the software maker an impact score of 45.631453684308 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future. Over the last quarter, insiders sold 57,899 shares of company stock valued at $3,934,380. Bank of New York Mellon Corp increased its position in shares of HubSpot by 145.0% in the second quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker's stock valued at $172,718,000 after buying an additional 97,869 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. increased its stake in HubSpot by 168.8% in the second quarter. Russell Investments Group Ltd. purchased a new stake in HubSpot during the fourth quarter worth $1,428,000.

HubSpot, Inc. has a one year low of $44.90 and a one year high of $78.50.

Shares of HubSpot (NYSE HUBS) opened at 67.35 on Wednesday. The company has market cap of $2.48 billion. The stock's 50-day moving average price is $69.86 and its 200-day moving average price is $64.85.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 2nd. The company provided earnings per share guidance of $0.03-$0.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.08). The business had revenue of $89.10 million during the quarter, compared to analysts' expectations of $85.80 million. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. HubSpot's revenue was up 37.1% compared to the same quarter previous year. During the same period a year ago, the business posted ($0.07) EPS. On average, analysts anticipate that HubSpot will post $0.05 EPS for the current year.

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Several equities analysts have recently weighed in on HUBS shares. Cowen and Company reiterated a "market perform" rating and issued a $69.00 price objective (up from $63.00) on shares of HubSpot in a research note on Friday, August 4th. Canaccord Genuity raised their price target on HubSpot from $80.00 to $83.00 and gave the stock a buy rating in a research note on Thursday, August 3rd. CIBC reaffirmed a buy rating and issued a $78.00 price objective on shares of HubSpot in a research note on Thursday, May 4th. Oppenheimer Holdings, Inc. set a $80.00 price objective on HubSpot and gave the company a buy rating in a report on Thursday, August 3rd. Finally, SunTrust Banks, Inc. initiated coverage on shares of HubSpot in a research report on Monday, June 26th. They set a "buy" rating and a $81.00 target price for the company. Also, CEO Brian Halligan sold 25,000 shares of the firm's stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $64.75, for a total transaction of $1,618,750.00. The stock was unloaded at a price range of of $65.25, amounting to $319,659.75. after the closing of the transaction the director has an ownership of 2,164 company stock worth at $141,201. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

In other news, insider Hunter Madeley sold 1,000 shares of the company's stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $73.95, for a total transaction of $73,950.00. Following the sale, the insider now directly owns 89,874 shares of the company's stock, valued at approximately $6,646,182.30. The disclosure for this sale can be found here. Solaris Asset Management has an ownership of 4,035 stocks of the software maker's shares valued at $244,000 after scooping up an extra 226 shares through out the previous quarter, DekaBank Deutsche Girozentrale bought a fresh position in HubSpot during the Q1 assessed at roughly $364,000. Insiders own 18.50% of the company's stock.

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company's software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into clients and delight clients so that they become promoters of those businesses.

Hedge funds have recently added to or reduced their stakes in the stock.

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